[000:00:00;00] a for a certain biggest banks, u b. s. and credits with a reportedly considering a merger as a banking collapse in the us impacted financial markets around the world. i didn't see any issue with normalization. the relationship across investment, successful saudi arabia confirmed, they could very quickly start investing in iran, falling a deal brokerage by china for those 2 former regional tribals to restore their

diplomatic relations. reports that you asked as resuming recognizance, thrown activity in the black. the region as a senior washington official suggest us down russian fighter jet with chinese president. she doing thing is that for his 1st floor and visit following his re election with moscow as the destination is, signifies a new era of strength and relations between china and neighboring russia. with good morning from martine or national studios in moscow, and welcome to the weekly with the hour and weeks talk new stories around the globe . the global financial system is shaken by the fallout from silicon valley bank. now to us citizens largest banks, credit sways and u. b. s. are reportedly considering a merger that could be

a catalyst for an overhaul of the financial system throughout the world. that's after a sharp drop in credits with shares this week, raised further concerns across financial markets where the slumping major indexes. a recent study said that more than 90 percent of the deposits at the silicon valley bank were uninsured and a run on the bank for clients to hastily withdraw their funds caused it to collapse . more than $180.00 us banks are believed to face similar risk. archie contributor rachel mars, and here's her insight on the matter. the failure of silicon valley bank in the united states is sending shock waves through europe's financial system. and it's also sending its bank stocks into free fall on wednesday with the european press, making the link between the u. s. crisis and new trouble for europe's banking sector. credit suisse had dropped on zurich, stock market by mid day. it's top investor,

the saudi national bank said that they won't help cushion the blow by buying any more than the 9.8 percent of the shares that they already own, since they want to avoid any new regulatory regimes that kick in above 10 percent investment economists new railroad beanies said in an interview that they had histories crisis is a quote, lehmann moment for european and global markets. referring to the layman brothers collapse that sparked the 2008 economic crisis in the united states, which then spread to europe. french banks were especially hit hard on wednesday with trading and francis b and b about he bass stocks temporarily halted earlier in the day as its value plunged. as did data associates asian. it, i'm could, yeah, they could. and germany's chorus bank, the ceo of global investment giant black rock, larry think, suggest that silicon valley bank was just the 1st domino to fall, calling it a quote, slow rolling prices with quote more seizures and shut downs coming. but just these

earlier french economy in finance minister blaine or the mer insisted that everything was just fine. and he seemed kind of annoyed with suggestions otherwise come down and just have a look at the really t 2, etc. that to bang such who just mentioned sunday, which had a french banking system is not exposed to the city. can bank. she converted bank, it's not exposed to the silicon valley bank. so there is no links between the different situations. there is no specific concern on the full defense banks. now limit was also told french state t, v, that there was not a risk of contagion in france and that french banks were solid, which is kind of a tough cell when it's pretty much the opposite of what europeans are actually witnessing in real time. it all sounds eerily like the last financial crisis back in 2008 when europe was pot flatfooted. the current european central bank governor hasty leg. yeah,

that was french finance minister at the time and said back in september of 2008, that quote, the big systemic risk is behind us. but one month later, france, germany and britain were meeting about national and block wide bailouts and rescue packages. so not exactly the water under the bridge that la gown had figured at that the time looks like european leaders were about as reliable in their foresight . then as they are now, and not just when it comes to europe, but russia to last year, a limit assured that sanctions against moscow would bring down the russian economy . as european union commission, president, person of underlined announced that the west was cutting russian banks off from the swift system who shoot the if you guess the financial sanctions are formidable affected once. and i want to leave note as you route on the european determination on the subject, you are going to wage

a total economic and financial warren. russia will therefore provoke the collapse of the russian economy. we commit to ensuring that a certain number of russian banks are removed from swift. this will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally. right now, cutting off russian banks from their western counterparts is actually starting to look more like throwing someone overboard before the ship goes down in order to save them. when the west was working to isolate rushes, financial system from, there's little did they know that they'd actually be saving moscow from the risk of contagion, their contagion. a year later. despite all the western sanctions, russian banks have managed to adapt. and in january, the russian central bank announced that the country's current account surplus hit record high last year with the increased price of oil and gas exports,

even as europe was cutting itself off from them. maybe if european leaders had been as focused on insulating the block from the u. s. financial system in the wake of the 2008 crisis as they bid with cutting it off from russia. then maybe they wouldn't yet be in the position of gearing up for yet another potential white knuckle roller coaster ride with uncle sam at the controls. and no one can say that it's not possible for the you to isolate itself from the united states economy. because somehow canada right on the u. s. border and its largest trading partner managers. just find to isolate itself from the u. s. banking system. 562, u. s. banks went belly up over the past 20 years, yet not a single one in canada. so here we go. yeah, with the added another example of europe over reliance and over dependence on the u . s. to its own detriment. much like the current energy crisis that he got itself into egged on by washington. and you have to wonder how many times that you have to

learn its lesson the hard way before coming to its senses for its own sake. banking and finance. professor richard werner says that simply throwing money at the problem, well not saw the g economy. this saying that higher rates will give us the price stability. and by continuing to expand quantitative lee and in j more money, the supporting the financial system. really the other way around. i mean, they should, they should not raise interest rates, but tighten, then you don't have inflation. government will always say everything is fine, is, is going from grade to even greater. so we have to be very skeptical of that, particularly when government impose policies on the economies that can only cripple

the economy. and also europe imposing sanctions on russia. stopping the importation of necessary energy, cost effective energy from russia that russia has always delivered. and soviet union delivered reliably, 2 year old just suddenly stopping that. what were you going to get going to get weak economic performance recession supply side problems. that's what we're seeing worldwide. and certainly been thinking in europe and also to the sorry, sent in north america. and re add says it's ready to invest in the iranian economy, falling the chinese broken agreement to restore diplomatic relations between saudi arabia and turan. how quickly in your mind, do you think we're going to see sadie ravia making significant investments and vice versa? i would say very quickly, iran is so of never and have been and would continue to be for hundreds of

years. so i don't see any sh oh, that would prevent normalization of the relationship across investments. successful . the turning point in the region state of affairs was followed by saudi statement on the oil market. same, the country won't trade with those who impose any sort of price cap or other restrictions on commodities. if a price kept were to be imposed in saudi oil experts, we will not sell oil to any country that imposes surprise capron. our supply will reduce all production and i would not be surprised if others do the same. the statement came as us lawmakers introduced a bell that would allow lawsuits against oil companies and opec plus countries. according to the saudi energy minister, the practice would damage the market, creating and tolerable consequences with opec was looking at counter that legislation. earlier my colleague, nicky, erin discussed the perspectives for further cooperation between iran in saudi

arabia. with a panel of guests. the world is changing very fast, and the united states and the europeans do not have the cloud that they had before . and they've also shown that they're not reliable allies are reliable partners. they've shown that enough on new administration in iran, it's policy is to strengthen ties with neighbors and also pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create engines to create divisions. definitely time has changed for iran, it's a different iraq today, maybe and target are more willing to understand the dynamics feel free on top in the past decades of negotiation. remember,

there is one of the agreement that we're going to have 2 months period or basically seeing how she says iran coming to the deal. so it's going to, it's going to have too much of observation of what that right. it's going to come and what they are going to do. so definitely a neva, it's an untapped market. we expect they have 2 trillion dollars worth of goods, an investment and infrastructure. and definitely it's going to have a stick and, and iran need some of the neighboring countries contribute to contribute them back . and this is definitely aligned with vision 2030 a lot of ground manufacturer capabilities. and they are very advanced and definitely they can contribute to the iran in rebuilding. let's put it this way. and by looking iran, we are looking a lot of the neighboring countries and that's iraq, syria, lebanon, and yemen. and this is going to play a very big economic value within the region. there's

a couple of months ahead of us where we will watch was where kathy they have had in historically these, these, these, these periods of cooling off and then things worse and again, but i think now the signal that the signal is that the both sides really want to work for peace because peace actually pays awful lot more than war. i mean the was the saudi got involved in which i've been stopped by the americans. we must say of custom enough fortune a certain point. the war was costing and $1000000000.00 a week. the diplomatic fail, as we know, was mediated by aging, completely bypassing the us, which is always like to see the middle east as its own kind of spirit when it comes from when it comes to influencing. let's just take a listen to what the chinese foreign minister ministry had to say about this. some in the u. s. style, their country is the beacon of democracy. but how surely democratic is the u. s. it is redoubled its efforts to tout its democracy and interfered in other countries as internal affairs and even instigated rewards in the name of promoting democracy.

facts have repeatedly proven that the drama for democracy orchestrated by the u. s . is never a boon, but a bane for the world. so my question to you is just how worried for using washington. it should be about such developments and rhetoric. what would the worried now really is the role that america plays? i completely agree with professor moroni. when he said the world has changed, he's too polite, spell it out in, in crude terms, but basically, america's none of the shots we commentators, such as myself, are wondering how much longer we use the term usaa gemini, when we, when we come on talk, shows like like yours i'm, you know, really, this is the last nail in the coffin now of us leadership around the world. the fact that the chinese stepped up to the mark and broke this deal was pretty amazing. so i think lots of playful, very exciting, completely unprecedented. i didn't ever think i'd be on a talk show, talking about g iranian peace. a landmark deal between former

rivals, iran in saudi arabia to do restore their diplomatic relations, has raised speculation that a close to rail israeli strategies in the middle east. the agreement broker by china is seen as a counterbalance to us and israeli of times to dominate the region for the details on this story and more visit our website at r t dot com. the u. s. has reportedly resume drone activity in the black sea region. despite the media circus surrounding the crush of an unmanned american reaper drone. marino's close river examines recent demands from washington to shoot down russian fighter jets. no matter what headline he saw about the story. the fact this an american spy, a drone, entered a flight restricted status area over the black sea, prompting to russian fighter jets to intervene. russia had warned washington that

it had imposed and no fly zone. their box a day refused to listen. the end result, a multi $1000000.00 drones scott, old and last, western media hysteria, and endless mockery over how it happens. the russian ambassador to the west was summoned for an explanation right away, where he rejected all claims that russia did it on purpose. and he asked them how they would react if they were in russia's shoes. these drone concluded, if you bulls, you see that what will be the issue of united states if you see search russian drawn very close, for example, to san francisco, new york. what blue booty action over united states, forget that this isn't just a random drone from a random country. this was a u. s. military spy drone, which can also be used to carry heavy weapons flying near russia. who knows what they had planned. the says after all

a country that is not very friendly from their economic sanctions to training ukrainian soldiers send in huge amounts of weapons, their end and courage and all the countries to follow suit. alyssa, forget about all the reports. lincoln, them to the explosions on the crimean bridge, the gas pipelines, loss of civilian life, and infrastructure. and now they said, a spy drove over the black sea. what should russia have done? what, what big us have done? well, what they did do was scale factor accusations less than 24 hours later. this was an unsafe and unprofessional incident. there was also tinge with incompetence in to your question about the video. the video shows a russian pilot careening in a, in a enter that looks almost entirely uncontrolled and essentially running into the unmanned ha, u. s. aircraft forcing the u. s. military to down it over the black sea. not only is this unacceptable, it's also dangerous,

so it was no longer intentional bots. the answer section was still, quote, unprofessional, reckless and dangerous. not bare drone flying in the no fly zone, no russia intercept, and it was dangerous, and it was not america's actions. pushing the world's words, the verge of world war 3. no, but russia apparently, and they're still staring the pots with some americans now calling for even more drones in a move that could really turn into an epic show down. well, we should hold them accountable and say that if you ever get near another or you asset flying in international waters, your airplane would be shut down. what would ronald reagan do right now? he would, he would start shooting russian planes down if they were threatening our assess american foreign policies in free fall. i can't add much to what you've said. all i can tell you is it on multiple fronts. were in a danger situation, weakness breeds provocation. they spy balloon over the united states, shooting down ana, american drone,

multi $1000000.00 drone. they know they can get away with that. mexico is blaming us for the fentenol crisis. and joe biden is like a deer in the headlights. he needs to up his game quickly. the appeals of some u. s. lawmakers are beyond the pounds of common sense. a deliberate attack on a russian aircraft in neutral airspace is not just a crime under international law, but an open declaration of war against the largest nuclear power. an armed conflict between russia and the united states would be radically different from the proxy war. the americans are waging remotely against us in ukraine, is the capital willing to put american citizens and the international community at risk of a full gale nuclear war? give us an answer. distinguish senator, once again we're seeing how western officials are fanning the flames instead of trying to defuse the situation. but there is some lives at the end of this tunnel because at least it resulted in a phone call between the 2 countries military chiefs,

for the 1st time in months. the flights a few as drones near crimea were provoked of and risked escalating tensions in the black sea. russia will respond unkind to all provocations in the future, so the 2 nuclear powers must act responsible and maintain channels of communication . we take any potential for escalation very seriously, and that's why i believe it's important to keep the lines of communication open. i think it's really key that her, that we're able to pick up the phone and engage each other. and i think that that, that, that will help to prevent miscalculation going forward. and then it was back to business as usual. it seems with us spy jones back up over the black sea, but at a safe distance this time. so one lesson learned the rest. now remains unchanged as lloyd austin went back to cheerily. then for more weapons c, ukraine emphasized in the need su ross, i had

a much anticipated spring offensive. putin has now had a year's worth of proof that the united states and the contact group will support ukraine's right to defend itself for the long haul. but putting still hope should he can wear down ukraine in a way to so. so we can't lit up. and we won't ukraine doesn't have any time to waste. and i heard clearly today that our fellow contact group members also know that we have to deliver swiftly and fully on our promise commitments. and that includes delivering, oh, our capabilities to the battlefield. the throne. incidence was the 1st direct military collision between russia and the wes. this time the only casualty was a multi $1000000.00 aircraft. but the invisible confrontation continues and seems to be escalating. let us hope that it doesn't prove to be

a case of desperate times calling for desperate measures. it's official z. u in ping is set to visit moscow and meet wider mir putin next week. and there will be plenty to discuss from the russian chinese strategic partnership to pressing global issues. the signing of bilateral agreements has also been announced with more details to follow. the chinese leaders approach to a supposedly isolated russia has sparked outrage in western media. the strengthening relationship calls into question us support for regional rivals. as china appears, unafraid to oppose the west, beijing says the partnership is mutually beneficial and not aimed at any 3rd party . did you mean to was follow johnson you president, seizing pink state visit to russia will be a journey of peace practice. true multilateralism based on the principles of non aligned non confrontation with a non targeting of 3rd party. so it promote that democratization of international

relations. should you build a multi polar world pattern, improved global governance and contribute to world development. china will uphold an object of an impartial position on the ukraine crisis and play a constructive role in persuading article and promoting piece talks. the development of strategic cooperative partnerships between china and russia, benefits both the people of the 2 countries on the world. this differs from the practice of some countries holding the cold war mindset. forming cliques everywhere, engaging in confrontation, building small circles and camps, and had gemini and bullying everywhere without wooded. china's foreign ministry also said that this is going to be a meeting of peace. that's because beijing is ready to play a constructive role in regulating the ukraine conflict. and we also heard from that foreign ministry of china that there, that beijing is also looking to basically ground these talks in the principles of

non confrontation with 3rd parties. so that's all among other topics on the agenda, including a questions of international and regional importance, as well as strengthening the strategic or cooperative partnership between these 2 countries. now it's also important to understand that these talks are i have just been announced on the backdrop of the marine security belt joint naval exercises which are between china, russia and iran. and these have been taking place in the gulf of oman since march 15th. so it represents another frontier of developing co operation between these 2 countries in this situation specifically naval and military cooperation. nelson. * with vice chairman of the shanghai center for rem, pat and international studies says ukraine is likely to be at the top of the agenda of all the topics that the 2 country leaders between mr. she and president booking

. i think the topic of the ongoing conflict in ukraine is certainly going to be on top of the agenda and that's going to be discussed. a pic jewel about barry mind is that china has recently published its position on supporting peace and cease fire of the conflict. so i believe this is certainly going to be discussed. i think this is also a clear message that has been sent out with regard to the the upcoming visit to president t to moscow. now, china's independence in its foreign policy and his handling of international relations is not going to be influenced or even manipulated, or even determined by any 3rd party from monday to wednesday. next week we will be bringing you special covers of chinese leaders shooting things visit to moscow. join us for that both on air and online.

ah . israeli and palestinian officials are expected to me in egypt, in an effort to renew their security cooperation. the willingness of the 2 to negotiate comes after a recent escalation of violence in the west bank between palestinian residence and israeli settlers. r t correspondent maria phenomena has the details since late december 1. then you hard line israeli government to office every aspect of israeli palestinian relations has seen

a dramatic decay in that period. he is rarely forces and suffer is killed at least a th palestinians, according to the palestine health ministry including militants and civilians. that's more than one killing per day. policy and tax also increased in 2023. at least 13 israelis have already been killed, including major terror attacks and east jerusalem. the dad this in years, i was, as barbara mentioned in your us diplomat, 20 years ago. during the 2nd intifada, and i'm concerned as are my colleagues in the intelligence community, and a lot of what we're seeing today has a very unhappy resemblance through some of those realities that we saw then through settlement expansion is skyrocketing around 700000 sets or is leaving more than 260 outposts all across the occupied westbank in violation of international law, despite numerous and repeated warnings from israel's foreign allies,

it promises even more settlements to come. it has been long standing u. s. policy under both republican and democratic administrations. that settlements are counter productive to the cause of peace, the by the ministration maintains this, his, this firm opposition to the settlement expansion. the security council will reiterate that continuing is ready, settlement activities are dangerously imperiling, the viability of the 2 state solution. we urged the israeli government to reverse the recent decision to advance to construction of more than 7000 settlement building units across the occupied west bank and to legalize settlement outposts the number of demolitions of palestinian property that israel considers illegal has already doubled in 2023 compared to the same period last year, the u. n. reports these affected more than 11000 people,

400 of them were displaced. fears are that the worst is yet to come after israel's national security minister ordered to go on with a bull doug's in of homes in occupied east jerusalem during ramadan. violating a years old agreement, the woods of the colonialist and racist minister inside escalation. we condemn the statements of the fascist ben greer, whose inciting and walk in to say that the area on fire sundays gathering is a follow up of a summit held in jordan a couple of weeks ago. he israel and the palestinian authority then managed to reach some agreement, a just hours after the meeting ended to his rally. brothers were killed in a terrorist attack in how ira, and israel took all its commitments back. the shooting provoked a violin. settlers attack on the palestinian villagers in the north. although the wide west bank, one palestinian men died. scores of cars and homes were tourists in broad daylight,

pogroms. while the army stood idly by ah israel responded with intensified id, afraid in the north. more arrests and killings as well as strong words. if they could, they would murder us all, but they want to uproot us. i say that on say to strike them and deepen our roots. an investigation was launched into the water ren page, but those responsible have so far not been held per pound, and no disciplinary measures were taken against these rarely, military. critics say these bold ignorance by these rarely authorities may overshadow the sunday security meeting, as well as the israeli government general line. the reason i read the palestinian affairs, the outcome of this summit will effectually determine whether the upcoming jewish